The growth of GDP increased from __________ during 1980 - 1991.
7.2%
5.6%
6.3%
8%
The General Agreement on Tariffs and Trade was replaced by the
World Trade Organization
Multilateral Trade Agreement
Cross-Regional Trade Group
North American Free Trade Agreement
What are the important outcomes of the globalization process?
Outsourcing
Financing
Decision taking
Exporting
Privatization refers to
The sale of privately owned businesses to the government sector
The sale of public companies to the private sector
The sale of corporately owned businesses to individuals
All the above
Which of the following is called as an important agro-based industry ?
Steel
Cement
Sugar
Jute
A nation’s real strength is reflected in its
Agriculture
Export
Import
Industrial development
With regard to the WTO subsidies are covered in two seperate international economic law agreements which are they?
The reform treaty and Treaty of Rome
The North American free trade agreement
GATT and the Agreement on subsidies
Free Trade Agreements
Which of the following is not an aspect of privatization?
Dis- investment of public sector units
Handing over management of public sector units to private firms
Opening up of sectors, which are hitherto reserved for public sector to private sector
De licensing of private industrial units
The current round of negotiation in the WTO is known as the
Doha Development Round (DDA)
Seattle Summit
Cancun Meet
Torquay Round
Which country announced the New Economic policy?
India
Britain
Germany
China
